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Question 2 Ultrosman, a family corporation, offered its shares to the public thru an Initial Public Offering, the following transactions transpired relative to such
Question 2 Ultrosman, a family corporation, offered its shares to the public thru an Initial Public Offering, the following transactions transpired relative to such event: 1 pts Particulars Original issuance of additional 20,000 shares (P80 par) Sale of Altra 300 shares, an original shareholder, to Altf4, a third person Proceeds 1,600,000.00 120,000.00 After the IPO, another stockholder, Ultra, sold her shares costing P200,000 to Ultro for P800,000. Moreover, Ultrosman has outstanding shares after the listing in the local exchange of P30,000. Determine the following: 1. Ultrosman's documentary stamp tax payable: 2. Altra's documentary stamp tax payable: 3. Ultra's documentary stamp tax payable. 4. Ultrosman's total tax payable: 5. Altra's total tax payable 6. Ultra's total tax payable.
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